Telus (TU) reported a weak Q2 with EPS of $0.12 and revenue of $3.561B, both missing expectations. The board slashed the quarterly dividend by 55% to $0.19 and guided full-year metrics lower, signaling a deliberate balance-sheet reset and debt paydown focus under new leadership. The combination of reduced cash returns, higher capex, and softer revenue suggests near-term downside pressure, though the strategy targets long-run balance-sheet strength.
Telus is currently addressing a cybersecurity incident involving unauthorized system access, which could impact customer trust and operational performance. The company's response and the integrity of its systems will be crucial in mitigating damage and maintaining investor confidence.
Telus is acquiring remaining shares of its digital services unit for $539 million. This move aims to strengthen Telus's artificial intelligence capabilities.
Telus plans to acquire remaining shares in its digital services subsidiary. The move aims for greater control over artificial intelligence capabilities.
- TELUS announced a C$6.6 million private investment in Quebec's North Shore region. - The investment is supported by C$6.8 million from the Quebec government and C$5.5 million from the CRTC. - The investment will result in the addition of roughly 10 new 5G wireless sites. - TELUS aims to invest C$73 billion across Canada by 2028. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Industry News
